What the Dodd Frank Act IsThe Dodd-Frank Wall Street Reform, better known as the financial bill, was signed by President Obama on July 21, 2010. The Act was basically passed to possibly prevent another 2008 financial crisis from occurring. It provides significant changes to the structure of federal financial regulation and new requirements that apply to market assistants. Due to this there are many acquisitions that can occur. The Act has made a huge changes in our financial system. For example, bringing together all the agencies and trying to identify any risks that may be rising in our financial system. However, one main problem that happened before the recent crisis was there wasn’t any one in charge who specifically looked at the system as a whole. Since then, regulators have been trying to identify risks that might be rising as the economy changes and the financial system changes going forward. But passing the law is only the first step; it far from being whole. The regulators have to implement these laws which mean they must arrange important rules and regulations that will make financial firms solid. The act regulates many different kinds of risks, but does not control the overall demand for risk between financial institutions or deal with advantages and issues.

After the huge financial crisis, we needed a change and needed something that was going to work fast, be extremely efficient and help our economy get back on the right path. The Dodd Frank Act has been very beneficial and will hopefully continue to keep improving throughout the next couple of years to get our economy the way it used to be. If we experience another horrible crisis it will be devastating, but if we have the right tools and a good head on our shoulders we might just be able to push through it smoothly. What the Dodd Frank Act does

So what does the Dodd Frank Act actually do? A majority of people believe that the results of this Act have reflected positively on the financial industry, but there are others who have disagreed. The Act has brought the most compelling changes to the financial institution in the United States since the regulatory reform that developed after the Great Depression. It represented a massive change in the American financial regulatory environment and, due to this change; it has affected all Federal financial regulatory agencies and a decent amount of aspect of the nation's financial services corporation. Many believe that it is much too early to pass judgments on the Dodd Frank Act, but there have been financial scholars who have been known to criticize the act. They argued that the revision was inadequate to prevent another financial crisis. They also questioned if the reforms had indeed gone too far and would restrict banks and other financial establishments to make loans. As a result, there have been a lot of major banks who have lobbied, or attempted to influence decisions of Congress to approve exceptions to trading derivatives. Financial institutions have spent more than $150 million on lobbying for the second year in a row in 2011. Since then, their focus shifted from Congress to the regulators themselves. This Act seems to be extending the economic slowdown. The recent financial crisis was terrible and devastating for many people and the economy. This crisis had led banks to stop lending to each other, severely hurt the credit market, and our biggest financial institutions almost collapse. If the Dodd Frank Act had been proposed at that time, maybe some of the damage would not have been as awful. Instead, the crisis led to a recession and millions of Americans were out of their jobs and also forced smaller businesses to close down. The Dodd Frank Act is strictly aimed at the largest firms. These larger firms were the ones that were most responsible for the crisis because they present the most risk. Small banks were more so the victims of the financial crisis and hundreds of...

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Take Home quiz: DoddFrankAct:
The DoddFrankAct is a movement constructed that purports to provide rigorous standards and supervision to protect the economy and American consumers, investors and businesses, purports to end taxpayer funded bailouts of financial institutions, claims to provide for an advanced warning system on the stability of the economy, creates rules on executive compensation and corporate governance, and eliminates some loopholes that led to the 2008 economic recession. The Act is categorized into sixteen titles and, by one law firm's count, it requires that regulators create 243 rules, conduct 67 studies, and issue 22 periodic reports. A few regulators that contributed to this act were the Federal Reserve Bank, Securities and Exchange Commission, Treasury, National Credit Union Administration, Federal Finance Housing Agency Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, and the Office of the Comptroller of Currency. The major contribution in terms of regulation to the financial market is to protect large financial companies, making changes to corporate governance and executive compensation practices.
The Financial Stability Reform, (Title I), expands federal research, evaluation, and oversight of large financial institutions in order to find efficient ways to manage risks to the financial stability...

...OF THE DODD-FRANKACT
ABSTRACT
The economic crisis we have endured for the past few years has been compared to the Great Depression; a downward spiral that seem inevitable and consumed anyone in its path. It seemed like every major company needed financial assistance; bailouts, after bailouts seemed almost never-ending. Then came the Dodd-FrankAct, a proposal that was made to avoid such an epidemic from ever reoccurring again. The Dodd-FrankAct presented rules and regulations that financial industries must abide by, and in the grand scheme of things, its assumed to protect taxpayers/consumers. There are many arguments against the Dodd-FrankAct, disputes that accuses the act of causing the consumers to pay its consequences in the long run.. This paper will explain the Dodd-Frank Act’s impact on the economy, consumers, credit and the industry.
INTRODUCTION
The Dodd-Frank Wall Street Reform Act is a comprehensive reform sought to regulate the financial markets and prevent economic crisis. The act imposes a variety of new requirements regarding the business activities, capital, liquidity, governance and risk-management practices of large banking and financial service industries, to make the system safer...

...The Dodd-FrankAct
By William Pope
11/26/12
Dr.Boulet
History of Economic Thought
Since the financial crisis of 2008 many things have changed in the ways of how our government works, the way people run a business, and even the way people live their lives. Although some people may blame these events on former President George W. Bush or current President Barack Obama, much of the changes that have occurred have been from a singleact, the Dodd-FrankAct. The Dodd-FrankAct, which was implemented after the financial crisis that occurred in 2008, is designed to keep businesses and firms honest.
The Dodd-FrankAct implements changes that affect the oversight and supervision of financial institutions, provides a new resolution procedure for large financial firms, creates new government agencies responsible for implementing and enforcing compliance procedures with consumer financial laws, introduces more stringent regulatory capital requirements, effects significant changes in the regulation of over the counter derivatives, reforms the regulation of credit rating agencies, implements changes to corporate governance and executive compensation practices, incorporates the Volcker Rule, requires registration of advisers to certain private funds, and effects significant changes in the...

...The Dodd-FrankAct: a cheat sheet
Morrison & Foerster
Morrison 1 Foerster
THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT, OR DODD-FRANKACT, REPRESENTS THE MOST COMPREHENSIVE FINANCIAL REGULATORY REFORM MEASURES TAKEN SINCE THE GREAT DEPRESSION.
Morrison 2 Foerster
The Dodd-FrankAct implements changes that, among other things, affect the oversight and supervision of financial institutions, provide for a new resolution procedure for large financial companies, create a new agency responsible for implementing and enforcing compliance with consumer financial laws, introduce more stringent regulatory capital requirements, effect significant changes in the regulation of over the counter derivatives, reform the regulation of credit rating agencies, implement changes to corporate governance and executive compensation practices, incorporate the Volcker Rule, require registration of advisers to certain private funds, and effect significant changes in the securitization market. Although the legislation calls for a number of studies to be conducted and requires significant rule-making, we all will be required to be intimately acquainted with the Dodd-FrankAct. In the pages that follow, we summarize the principal aspects of the...

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The Effectiveness of the Dodd-Frank Legislation
MBA 6400
Abstract
The Dodd-Frank Legislation also known as the Dodd-Frank Wall Street reform and consumer protection act or the Dodd-FrankAct. The Dodd-FrankAct was introduced in the House of Representatives by Financial Services Committee Chairman Barney Frank, and by the Senate Banking Committee former Chairman Chris Dodd and there for named after the two men. The Dodd-Frank represents the most comprehensive financial regulatory reform measures taken since the Great Depression; in simplest terms the Dodd-FrankAct is a law that places major regulations on the financial industry. Dodd-Frank grew out of the Great Recession with the intention of preventing another collapse of major financial institutions in the U.S. The Dodd-Frank also enforces the consumer protect act which is put in place to protect barrowers from abusive barrowing and puts regulations on banks that practice these bad habits....

...towards the strive that was taken to open operations on a daily basis in the mast of a world financial criss in 2008, however whether that can be attributed towards a wholehearted desire to keep the company afloat or the sheer power of human greed is a debate left for another occasion.
The Dodd-FrankAct was Signed into law by President Barack Obama on July 21 2010. The act served to imbibe through its provisions a nexus of revolutionary change in relation to governance of cooperation's, their stability and future prevention of the big boot syndrome.
The three central pillars of the act revolve around a systematic management of risk, establishment of stricter regulatory authorities and taking no reputation no matter how resplendent it is for granted.
The titles under the act cover a variety of avenues, some of which that stand out are: financial stability, orderly liquidation authority, Transfer of Powers to the Comptroller/ the FDIC/ and the FED, Regulation of Advisers to Hedge Funds and Others, Wall Street Transparency and Accountability, Bureau of Consumer Financial Protection and the Pay It Back Act.
Financial stability was the imperative building block from where Dodd-Frank arose. The basis of stability is self-sufficiency where companies can no longer be reliant upon the government as a scape goat measure.
orderly liquidation...

...(i) Glass-Steagall Act (1933)
Great Depression
At the time after the stock market crash (1929), during the Great Depression, most of the people agreed that the main cause for the event was the “improper banking activity” which was mainly seen as the bank involvement in the stock market investment. Banks were taking high risks in hope for rewards, they were “accused of being too speculative in the pre-Depression era” (HEAKAL, 2010, pg.1). They were not only investing their assets, but they were also buying issues in order to resale them to the public. Nearly five thousand banks failed in the U.S. during the Great Depression. As a result of that most people wouldn’t trust the U.S. financial structure anymore. In order to rebuild the economy and trust a dramatic change had to be made (NYTIMES, 2010).
Glass-Steagall Act of 1933
As a response to one of the biggest financial crisis at the time two members of the Congress, a former Treasury secretary named Carter Glass and Henry Steagall, who was a chairman of the House Banking and Currency Committee, joined forces in order to
establish the Glass-Steagall Act (also known as Banking Act of 1933). The act forced a separation of commercial and investment banks where commercial banks were not allowed to underwrite the sales of stocks and bonds, while investment banks could not take in deposits from customers (GUARDIAN, 2010). The GSA also established...

...﻿Will Dodd-Frank Prevent Another Financial Meltdown?
The 2007 housing crisis left banks, hedge funds, and insurers with a plummeting asset portfolio. New Century Financial and American Home Mortgage Investment filed for bankruptcy. Countrywide Financial was teetering on the edge and Bear Sterns scrambled to liquidate hedge funds filled with near worthless assets. Freddie Mac exited the subprime mortgage business. As the housing bubble burst the overall economy plunged into recession.
By September 2008 the U.S. federal government takes over failing mortgage companies Fannie Mae and Freddie Mac. Soon Lehman Brothers files for bankruptcy and insurer AIG requires a bailout. Morgan Stanley and Goldman Sacs become bank holding companies regulated by the federal government. Days later Washington Mutual Bank becomes the biggest bank failure in U.S. history. As the house of cards falls the stock market also plunges. By October federal government steps in by passing TARP, the Troubled Asset Relief Program in an effort to rescue troubled banks and ensure the survival of the crumbling U.S. auto industry.
Government leaders and the American people struggle with all of the banking failures and the collapse of the stock market, asking themselves “just how did this happen?” and “what will stop this from happening again?” Looking back the Financial Crisis Inquiry Commission concluded that there was enough blame to go around to all of the parties....